LIAN opto termination 851 million set by the program intends to 468 million holding Hann Internet

LIAN opto 20 notice terminate the 2015 annual fund-raising 851 million yuan of non-public offering plan, and also launched a major asset restructuring plan, the proposed price of 468 million yuan to buy 65% stake and Hann Internet, intends to raise matching funds 468 million yuan. After the completion of the transaction, the company will be based on the original LED services and cable business, the new holographic multimedia digital interactive display and mobile development and operation of the business, to create a multi wheel drive development pattern.

Specifically, LIAN intends to issue shares and to pay cash to Yuan Fan, Gao Yuan, Peng Zhaoyuan, Zhao Junru, Yang Rongfu, Haojun Rong, Xiang Huichuan, Ding Yu, KEIA investment, Haitong, Qianhai and KAEFER thick security fund to buy a 65% stake in the Internet Hahn, shares to pay 65% of the transaction price, the remaining 35% the transaction price paid in cash. Hann Internet 65% equity trading at a price of 468 million yuan, LIAN intends to cash payment of 164 million yuan, and the issuance of 23 million 858 thousand and 800 shares, the issue price of 12.75 yuan / share.

In addition, LIAN intends to 12.75 yuan / share price to the company's actual controller Deng Kaiyuan issued shares of 36 million 705 thousand and 900 shares, is expected to raise 468 million yuan, for a holographic concert project (157 million yuan), scenic area construction and operation experience of holographic (194 million yuan) and supplemental liquidity (117 million yuan).

After the completion of this transaction, Hann Internet will become a subsidiary of LIAN opto, follow-up arrangements for the remaining 35% stake in the company, the parties to the agreement, commitment and performance test are completed in the final compensation arrangement has been impaired, and the full realization of the premise (if any) and listed companies with the photoelectric, LIAN to the counterparty to the acquisition Hann interconnect the remaining 35% of the shares, the purchase price in order to "not less than when the average earnings of Listed Companies in the same industry asset acquisition ratio" as the basic principle.

LIAN's main business for the LED business and cable business. Hann Internet's main business is mainly divided into two business segments, including holographic interactive display digital multimedia content production and the development of mobile operators. After the completion of the transaction, LIAN will add these two new business, build a diversified development pattern of traditional industries and emerging industries.

Financial data show that in 2014, 2015 and 2016 Hann Internet 1-2 achieved operating income of 132 million yuan, 169 million yuan and 9 million 410 thousand and 600 yuan; net profit attributable to owners of the parent company was 36 million 78 thousand and 900 yuan, 41 million 380 thousand and 600 yuan and -22.57 million yuan.

Plans show that the income method under the Hann interconnect all equity value of the estimated value of 720 million yuan, value-added rate of 318.73%. Yuan Fan, Gao Yuan and other trading Kaiya investment commitments in 2016 -2018 Hann Internet after deduction of non realization of net profit of not less than 55 million yuan, 66 million yuan and 76 million yuan, which is three years the cumulative net profit of 197 million yuan commitment.

In April last year, LIAN launched a non-public offering plan, Abt Associates Inc, intends to related parties Taking Jiangxi Shanghai air group investment partnership knock (limited partnership), Deng Youxuan and Zhao Liang were 4 specific investors in non-public offering of not more than 64 million 902 thousand and 400 shares, is expected to raise 851 million yuan of funds for the construction of infrared focal plane detector chip industrialization project the implementation of aerospace, a subsidiary of Jiangxi LIAN Cable Technology Co. Ltd. to increase with special cable project, O2O marketing channel construction projects, repay bank loans and supplement working capital.

However, the company said that since the second half of 2015, the larger fluctuations in the capital market, the non-public offering failed to promote the plan, the board decided not to implement the non-public offering of stock plan.

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